2024-03-20 05:22:00 ET
Summary
- Europe has been consistently ignored by U.S. investors over the lack of its own basket of tech-enabled, high-growth stocks.
- In terms of valuations, HEDJ has been trading at a discount to its broad Europe benchmark for over a year.
- Compared to U.S. equities that are traded well above long-term average valuations, European equities are still cheap relative to history.
By Hyun Kang
U.S. equities don't have a monopoly on acronyms. Before there was the Magnificent 7, it was the FAANGs. Europe has been consistently ignored by U.S. investors over the lack of its own basket of tech-enabled, high-growth stocks....
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For further details see:
Wait, Did Europe Really Outperform The U.S. Over The Last 3 Years?